It has been a very rough few weeks watching all my snap lower then snap back. I had a few stock actually go below my stop loss points but I didn’t sell them. I wanted to make sure that this market was actually going to turn south into a bear market. I figured that within one or two weeks after all the news settled in, I would have my answer. The market came snapping back and all but one of my stocks is in pretty good shape. SNDA had a good thing going and when all the news hit, it just started heading south and never came back. Right now I’m about $1.27 a share below my second stop loss but I’m $2.25 above my initial stop loss. So, I could argue that I’m still good, but that is just an excuse. If early next week SNDA begins to float south and not follow through with todays up day, I will sell it and move on.
All indexes appear to be going up in a recovery, so I will hold all positions as long as possible. I will likely start sniffing for new positions over the weekend. It is so tempting at this point to sell all positions and take my profits after that big decline the last 10 to 14 days.
| Jan | Feb | Mar | Apr | May | Jun | YTD 2011 |
| $5.41 | $698.41 | $73.28 | - | - | - | $777.10 |
| Stock | Entry | Price | Stop | Profit | % Gain |
| AAPL | $353.00 | $351.54 | $347.68 | $10 | 0 |
| AWH | $63.15 | $61.70 | $60.07 | $58 | 2 |
| CVI | $19.80 | $22.16 | $20.17 | $946 | 12 |
| GILD | $41.26 | $42.08 | $39.91 | $49 | 2 |
| ORLY | $56.65 | $58.12 | $55.80 | $66 | 3 |
| PAY | $48.90 | $52.80 | $46.22 | $199 | 8 |
| SNDA | $44.40 | $42.11 | $43.38 | $128 | 5 |
| TOTAL | ------------ | ----------- | ---------- | $1064 | --------- |
No comments:
Post a Comment